China's SOEs show encouraging devotion in corporate governance

HONG KONG, Nov. 20 (Xinhua) -- A survey on the corporate governance standards of companies listed in Hong Kong, which was released here on Tuesday, found that current level of corporate governance has improved significantly since 2009.

The survey was jointly conducted by the Hong Kong Institute of Directors and Hong Kong Baptist University.

A total of 121 listed companies in Hong Kong are assessed for their corporate governance performance based on the five principles of corporate governance -- rights of shareholders, equitable treatments of shareholders, role of stakeholders, disclosure and transparency, and board responsibilities.

The first report of such was published in 2004, and the latest set of findings is the fourth, which have shown great improvements over the years, said the two organizations in a statement.

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